2020 Q2 Form 10-Q Financial Statement

#000089541920000044 Filed on April 30, 2020

View on sec.gov

Income Statement

Concept 2020 Q2 2020 Q1 2019 Q1
Revenue $108.4M $113.9M $141.3M
YoY Change -19.23% -19.39% -60.3%
Cost Of Revenue $79.30M $72.60M $77.30M
YoY Change 9.23% -6.08% -48.5%
Gross Profit $29.10M $41.30M $64.00M
YoY Change -52.76% -35.47% -14.78%
Gross Profit Margin 26.85% 36.26% 45.29%
Selling, General & Admin $46.00M $41.70M $50.60M
YoY Change 223.94% -17.59% 8.51%
% of Gross Profit 158.08% 100.97% 79.06%
Research & Development $39.50M $38.60M $40.70M
YoY Change 912.82% -5.16% 30.68%
% of Gross Profit 135.74% 93.46% 63.59%
Depreciation & Amortization $123.9M $31.60M $55.40M
YoY Change 353.85% -42.96% 43.52%
% of Gross Profit 425.77% 76.51% 86.56%
Operating Expenses $89.10M $80.30M $111.5M
YoY Change 305.0% -28.01% 38.73%
Operating Profit -$60.00M -$48.00M -$11.10M
YoY Change -251.52% 332.43% 100.36%
Interest Expense $15.50M $7.500M $7.400M
YoY Change -354.1% 1.35% -175.51%
% of Operating Profit
Other Income/Expense, Net $100.0K -$14.70M -$8.400M
YoY Change -80.0% 75.0% -16.0%
Pretax Income -$43.90M -$62.70M -$19.50M
YoY Change -59.69% 221.54% 25.48%
Income Tax $300.0K -$6.500M $2.800M
% Of Pretax Income
Net Earnings -$39.50M -$60.10M -$227.8M
YoY Change -70.91% -73.62% -5.24%
Net Earnings / Revenue -36.44% -52.77% -161.22%
Basic Earnings Per Share -$0.36 -$0.56 -$2.20
Diluted Earnings Per Share -$0.36 -$0.56 -$2.20
COMMON SHARES
Basic Shares Outstanding 108.2M shares 108.1M shares 103.7M shares
Diluted Shares Outstanding 103.7M shares

Balance Sheet

Concept 2020 Q2 2020 Q1 2019 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.240B $852.9M $789.3M
YoY Change 17.91% 8.06% 96.6%
Cash & Equivalents $448.8M $323.0M $456.2M
Short-Term Investments $790.9M $529.9M $333.1M
Other Short-Term Assets $8.700M $12.20M $25.92M
YoY Change -34.59% -52.92% 46.7%
Inventory $121.9M $170.1M $172.8M
Prepaid Expenses $26.20M $27.70M $19.20M
Receivables $72.40M $161.0M $150.4M
Other Receivables $6.600M $6.100M $500.0K
Total Short-Term Assets $1.593B $1.230B $1.499B
YoY Change 12.74% -17.92% 64.8%
LONG-TERM ASSETS
Property, Plant & Equipment $770.8M $737.6M $607.7M
YoY Change 37.5% 21.38% -5.26%
Goodwill $349.7M $530.0M $530.0M
YoY Change 0.0% 0.0% -14.19%
Intangibles $156.9M $183.6M $203.0M
YoY Change -9.88% -9.56% -49.35%
Long-Term Investments $55.90M $31.50M $44.10M
YoY Change 41.52% -28.57% -26.99%
Other Assets $33.60M $18.30M $5.559M
YoY Change 469.49% 229.2% -54.79%
Total Long-Term Assets $1.638B $1.508B $1.400B
YoY Change 16.67% 7.67% -19.67%
TOTAL ASSETS
Total Short-Term Assets $1.593B $1.230B $1.499B
Total Long-Term Assets $1.638B $1.508B $1.400B
Total Assets $3.231B $2.738B $2.899B
YoY Change 14.7% -5.56% 9.29%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $88.10M $90.80M $111.2M
YoY Change -56.15% -18.35% -28.99%
Accrued Expenses $55.30M $31.20M $83.80M
YoY Change 92.68% -62.77% -3.34%
Deferred Revenue $14.20M $45.10M $47.33M
YoY Change -5.96% -4.71%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $3.600M $600.0K
YoY Change
Total Short-Term Liabilities $291.2M $251.4M $334.4M
YoY Change 8.58% -24.83% 37.45%
LONG-TERM LIABILITIES
Long-Term Debt $795.2M $488.5M $463.5M
YoY Change 5.39% 46.68%
Other Long-Term Liabilities $43.80M $50.70M $29.45M
YoY Change 52.08% 72.14% 11.28%
Total Long-Term Liabilities $850.6M $541.5M $498.8M
YoY Change 67.61% 8.56% 45.66%
TOTAL LIABILITIES
Total Short-Term Liabilities $291.2M $251.4M $334.4M
Total Long-Term Liabilities $850.6M $541.5M $498.8M
Total Liabilities $1.142B $792.9M $833.2M
YoY Change 47.2% -4.84% 42.25%
SHAREHOLDERS EQUITY
Retained Earnings -$1.039B -$999.7M -$713.8M
YoY Change 22.62% 40.06% 58.81%
Common Stock $100.0K $100.0K $2.772B
YoY Change 0.0% -100.0% 10.47%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.083B $1.940B $2.061B
YoY Change
Total Liabilities & Shareholders Equity $3.231B $2.738B $2.899B
YoY Change 14.7% -5.56% 9.29%

Cashflow Statement

Concept 2020 Q2 2020 Q1 2019 Q1
OPERATING ACTIVITIES
Net Income -$39.50M -$60.10M -$227.8M
YoY Change -70.91% -73.62% -5.24%
Depreciation, Depletion And Amortization $123.9M $31.60M $55.40M
YoY Change 353.85% -42.96% 43.52%
Cash From Operating Activities -$29.00M -$27.70M $59.30M
YoY Change -289.54% -146.71% 202.55%
INVESTING ACTIVITIES
Capital Expenditures -$244.3M $69.80M $48.70M
YoY Change -754.96% 43.33% 5.64%
Acquisitions
YoY Change
Other Investing Activities -$242.6M $38.10M $35.00M
YoY Change -9085.19% 8.86% -114.01%
Cash From Investing Activities -$486.9M -$31.70M -$13.70M
YoY Change 1307.23% 131.39% -95.37%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 464.3M -100.0K 54.70M
YoY Change 631.18% -100.18% -73.66%
NET CHANGE
Cash From Operating Activities -29.00M -27.70M 59.30M
Cash From Investing Activities -486.9M -31.70M -13.70M
Cash From Financing Activities 464.3M -100.0K 54.70M
Net Change In Cash -51.60M -59.50M 100.3M
YoY Change -216.74% -159.32% -245.78%
FREE CASH FLOW
Cash From Operating Activities -$29.00M -$27.70M $59.30M
Capital Expenditures -$244.3M $69.80M $48.70M
Free Cash Flow $215.3M -$97.50M $10.60M
YoY Change -1078.64% -1019.81% -140.0%

Facts In Submission

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CY2019Q1 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
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us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
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us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
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us-gaap Earnings Per Share Basic And Diluted
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CY2019Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
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us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
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us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
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CY2019Q1 us-gaap Profit Loss
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us-gaap Profit Loss
ProfitLoss
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us-gaap Profit Loss
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us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
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us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
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CY2020Q1 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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CY2019Q1 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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500000 USD
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CY2019Q1 us-gaap Comprehensive Income Net Of Tax
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us-gaap Comprehensive Income Net Of Tax
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us-gaap Comprehensive Income Net Of Tax
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CY2019Q4 us-gaap Profit Loss
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400000 USD
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1500000 USD
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300000 USD
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10800000 USD
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us-gaap Profit Loss
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us-gaap Income Loss From Continuing Operations
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us-gaap Income Loss From Continuing Operations
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us-gaap Share Based Compensation
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us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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us-gaap Cash Provided By Used In Investing Activities Discontinued Operations
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us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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us-gaap Net Cash Provided By Used In Financing Activities
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CY2020Q1 cree Lease Liability Payments Due Year Five
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1300000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
1200000 USD
CY2020Q1 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
1100000 USD
CY2020Q1 cree Lease Liability Payments Due After Year Five
LeaseLiabilityPaymentsDueAfterYearFive
2300000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
13300000 USD
CY2020Q1 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
3100000 USD
CY2020Q1 cree Lease Liability Payments Due
LeaseLiabilityPaymentsDue
16400000 USD
CY2020Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
800000 USD
CY2020Q1 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
300000 USD
CY2020Q1 cree Lease Liability Undiscounted Excess Amount
LeaseLiabilityUndiscountedExcessAmount
1100000 USD
CY2020Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
12500000 USD
CY2020Q1 us-gaap Finance Lease Liability
FinanceLeaseLiability
2800000 USD
CY2020Q1 cree Lease Liability
LeaseLiability
15300000 USD
CY2020Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P43M
CY2020Q1 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P80M
CY2020Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0359
CY2020Q1 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0340
CY2019Q2 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
4100000 USD
CY2019Q2 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
2300000 USD
CY2019Q2 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
1200000 USD
CY2019Q2 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
700000 USD
CY2019Q2 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
0 USD
CY2019Q2 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
0 USD
CY2019Q2 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
8300000 USD
CY2020Q1 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
161400000 USD
CY2019Q2 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
129300000 USD
CY2020Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
400000 USD
CY2019Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
400000 USD
CY2020Q1 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
161000000.0 USD
CY2019Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
128900000 USD
CY2020Q1 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
45000000.0 USD
CY2019Q2 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
42400000 USD
CY2020Q1 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
92000000.0 USD
CY2019Q2 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
101100000 USD
CY2020Q1 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
33100000 USD
CY2019Q2 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
43900000 USD
CY2020Q1 us-gaap Inventory Net
InventoryNet
170100000 USD
CY2019Q2 us-gaap Inventory Net
InventoryNet
187400000 USD
CY2020Q1 us-gaap Accounts Payable Trade Current
AccountsPayableTradeCurrent
90800000 USD
CY2019Q2 us-gaap Accounts Payable Trade Current
AccountsPayableTradeCurrent
90700000 USD
CY2020Q1 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
59100000 USD
CY2019Q1 us-gaap Restructuring Charges
RestructuringCharges
0 USD
CY2019Q2 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
70900000 USD
CY2020Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
31200000 USD
CY2019Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
34000000.0 USD
CY2020Q1 us-gaap Other Accounts Payable And Accrued Liabilities
OtherAccountsPayableAndAccruedLiabilities
3700000 USD
CY2019Q2 us-gaap Other Accounts Payable And Accrued Liabilities
OtherAccountsPayableAndAccruedLiabilities
5300000 USD
CY2020Q1 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
184800000 USD
CY2019Q2 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
200900000 USD
CY2020Q1 cree Factory Optimization Restructuring Costs
FactoryOptimizationRestructuringCosts
1100000 USD
CY2019Q1 cree Factory Optimization Restructuring Costs
FactoryOptimizationRestructuringCosts
0 USD
cree Factory Optimization Restructuring Costs
FactoryOptimizationRestructuringCosts
3500000 USD
cree Factory Optimization Restructuring Costs
FactoryOptimizationRestructuringCosts
0 USD
CY2020Q1 cree Severanceand Other Restructuring Costs
SeveranceandOtherRestructuringCosts
0 USD
CY2019Q1 cree Severanceand Other Restructuring Costs
SeveranceandOtherRestructuringCosts
0 USD
cree Severanceand Other Restructuring Costs
SeveranceandOtherRestructuringCosts
800000 USD
cree Severanceand Other Restructuring Costs
SeveranceandOtherRestructuringCosts
2600000 USD
CY2020Q1 us-gaap Restructuring Charges
RestructuringCharges
1100000 USD
us-gaap Restructuring Charges
RestructuringCharges
4300000 USD
us-gaap Restructuring Charges
RestructuringCharges
2600000 USD
CY2020Q1 cree Projectand Transaction Expense
ProjectandTransactionExpense
7000000.0 USD
CY2019Q1 cree Projectand Transaction Expense
ProjectandTransactionExpense
10100000 USD
cree Projectand Transaction Expense
ProjectandTransactionExpense
20400000 USD
cree Projectand Transaction Expense
ProjectandTransactionExpense
10700000 USD
CY2020Q1 cree Factory Optimization Start Up Costs
FactoryOptimizationStartUpCosts
2100000 USD
CY2019Q1 cree Factory Optimization Start Up Costs
FactoryOptimizationStartUpCosts
0 USD
cree Factory Optimization Start Up Costs
FactoryOptimizationStartUpCosts
5000000.0 USD
cree Factory Optimization Start Up Costs
FactoryOptimizationStartUpCosts
0 USD
CY2020Q1 us-gaap Severance Costs1
SeveranceCosts1
600000 USD
CY2019Q1 us-gaap Severance Costs1
SeveranceCosts1
1000000.0 USD
us-gaap Severance Costs1
SeveranceCosts1
2100000 USD
us-gaap Severance Costs1
SeveranceCosts1
1000000.0 USD
CY2020Q1 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
-10800000 USD
CY2019Q1 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
-11100000 USD
us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
-31800000 USD
us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
-14300000 USD
CY2020Q1 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
9500000 USD
CY2019Q2 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax
9500000 USD
CY2020Q1 us-gaap Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
-1700000 USD
CY2019Q2 us-gaap Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
0 USD
CY2020Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
7800000 USD
CY2019Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
9500000 USD
CY2020Q1 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-300000 USD
CY2019Q1 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-500000 USD
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
800000 USD
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-1100000 USD
CY2020Q1 us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
1200000 USD
CY2019Q1 us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
0 USD
us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
1300000 USD
us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
-100000 USD
CY2020Q1 us-gaap Gain Loss Related To Litigation Settlement
GainLossRelatedToLitigationSettlement
8000000.0 USD
CY2019Q1 us-gaap Gain Loss Related To Litigation Settlement
GainLossRelatedToLitigationSettlement
0 USD
us-gaap Gain Loss Related To Litigation Settlement
GainLossRelatedToLitigationSettlement
8000000.0 USD
us-gaap Gain Loss Related To Litigation Settlement
GainLossRelatedToLitigationSettlement
0 USD
CY2020Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-19100000 USD
CY2019Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-3800000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-9200000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-12400000 USD
CY2020Q1 us-gaap Interest Expense
InterestExpense
7500000 USD
CY2019Q1 us-gaap Interest Expense
InterestExpense
7400000 USD
us-gaap Interest Expense
InterestExpense
22600000 USD
us-gaap Interest Expense
InterestExpense
18800000 USD
CY2020Q1 us-gaap Investment Income Interest
InvestmentIncomeInterest
3100000 USD
CY2019Q1 us-gaap Investment Income Interest
InvestmentIncomeInterest
3600000 USD
us-gaap Investment Income Interest
InvestmentIncomeInterest
13500000 USD
us-gaap Investment Income Interest
InvestmentIncomeInterest
9000000.0 USD
CY2020Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
100000 USD
CY2019Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-300000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
400000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-300000 USD
CY2020Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-14500000 USD
CY2019Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-8400000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-7800000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-23700000 USD
cree Increase Decreasein Lease Asset Liability
IncreaseDecreaseinLeaseAssetLiability
15800000 USD
cree Increase Decreasein Lease Asset Liability
IncreaseDecreaseinLeaseAssetLiability
0 USD
cree Modifications Of Lease Assets And Lease Liabilities Net
ModificationsOfLeaseAssetsAndLeaseLiabilitiesNet
4400000 USD
cree Modifications Of Lease Assets And Lease Liabilities Net
ModificationsOfLeaseAssetsAndLeaseLiabilitiesNet
0 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
12200000 USD
us-gaap Construction In Progress Expenditures Incurred But Not Yet Paid
ConstructionInProgressExpendituresIncurredButNotYetPaid
6800000 USD
us-gaap Construction In Progress Expenditures Incurred But Not Yet Paid
ConstructionInProgressExpendituresIncurredButNotYetPaid
15200000 USD
CY2020Q1 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
529100000 USD
CY2020Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
3200000 USD
CY2020Q1 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
2400000 USD
CY2020Q1 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
529900000 USD
CY2019Q2 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
548400000 USD
CY2019Q2 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
2600000 USD
CY2019Q2 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
100000 USD
CY2019Q2 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
550900000 USD
CY2020Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
235600000 USD
CY2020Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
2400000 USD
CY2020Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
0 USD
CY2020Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
0 USD
CY2020Q1 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
235600000 USD
CY2020Q1 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
2400000 USD
CY2020Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Number Of Positions
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsNumberOfPositions
263 security
CY2020Q1 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Number Of Positions
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerNumberOfPositions
0 security
CY2020Q1 us-gaap Debt Securities Available For Sale Unrealized Loss Position Number Of Positions
DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions
263 security
CY2019Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
55800000 USD
CY2019Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
0 USD
CY2019Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
48400000 USD
CY2019Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
100000 USD
CY2019Q2 us-gaap Debt Securities Available For Sale Unrealized Loss Position
DebtSecuritiesAvailableForSaleUnrealizedLossPosition
104200000 USD
CY2019Q2 us-gaap Debt Securities Available For Sale Unrealized Loss Position Accumulated Loss
DebtSecuritiesAvailableForSaleUnrealizedLossPositionAccumulatedLoss
100000 USD
CY2019Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Number Of Positions
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsNumberOfPositions
46 security
CY2019Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Number Of Positions
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerNumberOfPositions
47 security
CY2019Q2 us-gaap Debt Securities Available For Sale Unrealized Loss Position Number Of Positions
DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions
93 security
CY2020Q1 us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
1200000 USD
us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
1300000 USD
CY2019Q1 us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
-0.0 USD
CY2020Q1 us-gaap Available For Sale Securities Debt Maturities After One Through Five Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue
247400000 USD
us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
-100000 USD
CY2020Q1 us-gaap Available For Sale Securities Debt Maturities Within One Year Fair Value
AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue
280000000.0 USD
CY2020Q1 us-gaap Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue
0 USD
CY2020Q1 us-gaap Available For Sale Securities Debt Maturities After Ten Years Fair Value
AvailableForSaleSecuritiesDebtMaturitiesAfterTenYearsFairValue
2500000 USD
CY2020Q1 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
529900000 USD
CY2020Q1 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
123000000.0 USD
CY2019Q2 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
238100000 USD
CY2020Q1 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
529900000 USD
CY2019Q2 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
550900000 USD
CY2020Q1 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
31500000 USD
CY2019Q2 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
39500000 USD
CY2020Q1 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
684400000 USD
CY2019Q2 us-gaap Assets Fair Value Disclosure
AssetsFairValueDisclosure
828500000 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
348300000 USD
CY2020Q1 us-gaap Goodwill
Goodwill
530000000.0 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
0 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
164700000 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
183600000 USD
CY2019Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
356800000 USD
CY2019Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
158900000 USD
CY2019Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
197900000 USD
CY2020Q1 cree Amortizationand Impairmentof Acquisition Related Intangibles
AmortizationandImpairmentofAcquisitionRelatedIntangibles
3700000 USD
cree Amortizationand Impairmentof Acquisition Related Intangibles
AmortizationandImpairmentofAcquisitionRelatedIntangibles
10900000 USD
CY2019Q1 cree Amortizationand Impairmentof Acquisition Related Intangibles
AmortizationandImpairmentofAcquisitionRelatedIntangibles
3900000 USD
cree Amortizationand Impairmentof Acquisition Related Intangibles
AmortizationandImpairmentofAcquisitionRelatedIntangibles
11700000 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
5800000 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
22800000 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
21000000.0 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
17500000 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
16000000.0 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
100500000 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
183600000 USD
CY2020Q1 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-61400000 USD
CY2019Q1 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-22300000 USD
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-151700000 USD
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
-23300000 USD
CY2020Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
200000 USD
CY2019Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
100000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
500000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
100000 USD
CY2020Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-61600000 USD
CY2019Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-22400000 USD
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-152200000 USD
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-23400000 USD
CY2020Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
0 USD
CY2019Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-205400000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
0 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-218000000.0 USD
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
-61600000 USD
CY2019Q1 us-gaap Net Income Loss
NetIncomeLoss
-227800000 USD
us-gaap Net Income Loss
NetIncomeLoss
-152200000 USD
us-gaap Net Income Loss
NetIncomeLoss
-241400000 USD
CY2020Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
108115000 shares
CY2019Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
103659000 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
107718000 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
102807000 shares
CY2020Q1 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
-0.57
CY2019Q1 us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
-0.22
us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
-1.41
us-gaap Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
-0.23
CY2020Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
0
CY2019Q1 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
-1.98
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
0
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
-2.12
CY2020Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
11400000 USD
CY2019Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
13500000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
41300000 USD
CY2020Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
7500000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
34500000 USD
CY2020Q1 cree Cares Act Income Tax Expense Benefit
CARESActIncomeTaxExpenseBenefit
-5100000 USD
CY2020Q1 cree Cares Act Income Tax Expense Benefit
CARESActIncomeTaxExpenseBenefit
-5100000 USD
CY2019Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
8200000 USD
us-gaap Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
-700000 USD
CY2020Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
7500000 USD
CY2020Q1 us-gaap Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Amount Of Unrecorded Benefit
SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleAmountOfUnrecordedBenefit
500000 USD
CY2020Q1 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
300000 USD
CY2020Q1 us-gaap Gross Profit
GrossProfit
61400000 USD
CY2019Q1 us-gaap Gross Profit
GrossProfit
100500000 USD
us-gaap Gross Profit
GrossProfit
197500000 USD
us-gaap Gross Profit
GrossProfit
302300000 USD
CY2020Q1 cree Gross Profit Percent
GrossProfitPercent
0.285
CY2019Q1 cree Gross Profit Percent
GrossProfitPercent
0.367
cree Gross Profit Percent
GrossProfitPercent
0.283
cree Gross Profit Percent
GrossProfitPercent
0.365
CY2020Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
215500000 USD
CY2019Q1 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
274000000.0 USD
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
698200000 USD
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
828700000 USD
CY2020Q1 us-gaap Inventory Net
InventoryNet
170100000 USD
CY2019Q2 us-gaap Inventory Net
InventoryNet
187400000 USD

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